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The cycle structure in Bitcoin remains unchanged, currently in the final adjustment phase. After the adjustment is complete, a downward move is expected. From a smaller timeframe perspective, BTC is currently trading within a narrow range, and its structure appears to be quite complex. Notably, the 0.618 key level of the left-side upward segment has undergone two effective tests, and a rebound is highly likely.
Ethereum's medium-term trend closely follows Bitcoin's rhythm. On the smaller timeframe, the 0.618 support level of the recent upward move has also been effectively confirmed, and it is likely to face a small rebound in the near future. In other words, both major mainstream coins are accumulating energy, waiting for the next price action.